OMV has published a Sustainability Report every year since 2008, with the most recent being published on April 7, 2025. The 2024 Sustainability Statement describes our management and performance of the material environmental, social, and governance issues for OMV. It covers the operations of OMV, headquartered in Vienna, Austria, for the 2024 business year.
This non-financial statement was prepared in accordance with Section 267a of the Austrian Commercial Code (UGB) as part of the management report of the consolidated financial statements in line with the requirements of the Austrian Nachhaltigkeits- und Diversitätsverbesserungsgesetz (Sustainability and Diversity Improvement Act; NaDiVeG). In line with NaDiVeG’s reporting requirements (Section 243b of the Austrian Commercial Code), data particularly relevant for OMV Aktiengesellschaft is reported separately in an annex in Governance Information under OMV AG Data.
The non-financial statement was further prepared in accordance with the European Sustainability Reporting Standards (ESRS) in readiness for the reporting obligation under the CSRD (Corporate Sustainability Reporting Directive). As the report fully complies with the ESRS for the first time, comparative information is not required according to ESRS 1.136. Comparative information is only reported for data that was previously reported and where the definition has not changed.
OMV’s 2024 Sustainability Statement includes disclosures required by the European Union (EU) Taxonomy Regulation EU 2020/852. Our Sustainability Statement is also guided by the “Sustainability reporting guidance for the oil and gas industry” developed by Ipieca, API, and IOGP. Reporting on OMV’s alignment with the UN Sustainable Development Goals (SDGs) has been informed by the Business Reporting on the SDGs published by the Global Reporting Initiative (GRI) and the UN Global Compact (UNGC). The document also serves as our Communication on Progress for the UNGC. As the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD) such as governance, strategy, risk management, and metrics related to climate risks and opportunities have been integrated into ESRS, OMV will no longer have a separate Index for TCFD disclosures.
Report Scope and Boundaries
In principle, the data presented in the Sustainability Statement is consolidated at Group level and covers all fully consolidated entities, analogous to the Company’s financial statements. In the following aspects, the Sustainability Statement extends the scope applied for the Group Financial Statements: subsidiaries that are not consolidated in the Group Financial Statements due to their immateriality are included in the Sustainability Statement based on their topical relevance. This boundary applies to all material topics, unless clearly indicated otherwise in the text of this report for a particular material topic. Where an entity is not included in the reporting, it is denoted in a footnote. Health, Safety, Security, and Environment (HSSE) data, including greenhouse gas (GHG) data for Scope 1, Scope 2, and Scope 3 GHG emissionsFor Scope 3 categories 10, 11, and 12, the operational control approach is applied. For example, in OMV’s Energy division, when an OMV Group company participates in joint operations and is fully consolidated, 100% of the respective OMV Group company sales are accounted. However, this value usually only represents the OMV Group’s share in the joint operation., is reported (100%) for activities that OMV operates or where OMV holds a stake of more than 50% and exerts a controlling influence. The exception to this is Scope 3 Category 15 “Investments,” which follows the equity approach. OMV’s share of the investment’s Scope 1, 2, and, where relevant, Scope 3 emissions are accounted for in this category. If an investment is a business partner in OMV’s upstream or downstream value chain, the respective Scope 3 emissions are included in the appropriate category.
The Sustainability Statement was prepared in accordance with the ESRS for the first time. Where possible comparative figures are disclosed in the topical chapters. For metrics introduced by ESRS, n.a. will be used to indicate the absence of comparative data, unless otherwise stated. If applicable, the difference between the figure disclosed in the preceding period and the revised comparative figure is disclosed in the metrics section in the topical chapters. As this is the first report to conform with the ESRS, no data has been restated due to changes in calculation methodology or material errors.
Business relationships in the upstream and downstream value chain have been considered in identifying our material impacts, risks, and opportunities as part of our materiality assessment. Materiality has been determined according to the nature of activities, business relationships, or geographical focus. Relevant information in this statement concerning the value chain includes actual and potential material impacts, risks, and opportunities that may affect or arise from upstream and downstream business relationships, as well as policies and actions extending beyond our own operations. Whenever value chain information is included, it is clearly specified.